Asset-based lending: capital sized to your balance sheet.
Revolving lines and term loans secured by accounts receivable, chattel paper, inventory, machinery and equipment, and real estate, for acquisitions, turnarounds, growth, restructurings and refinancing. Faster than a bank, with non-bank flexibility.
When the bank can't move fast enough
Asset-based lenders underwrite the collateral first, so they can say yes when cash-flow lenders say no.
Faster than a bank
Non-bank lenders that make decisions quickly and close in weeks, not months.
Non-bank flexibility
Fewer covenants and room for losses, rapid growth or a leveraged balance sheet.
Grows with you
Availability rises automatically as receivables and inventory grow.
One senior facility
Revolver, M&E and real estate term loans with one lender.
Built for change
Acquisitions, turnarounds, restructurings and bank exits are where ABL shines.
Retire expensive debt
Refinance MCAs and high-cost lenders into a collateral-priced line.
Five assets that build your borrowing base
Most facilities combine two or more of these.
Accounts Receivable Financing
A revolving line secured by your invoices
Explore →CollateralChattel Paper Financing
Borrow against the installment contracts you hold
Explore →CollateralInventory Financing
Capital against finished goods and raw materials
Explore →CollateralMachinery & Equipment (M&E) Loans
Term debt against the equipment you own
Explore →CollateralReal Estate in the Borrowing Base
Owner-occupied property added to your facility
Explore →What companies use ABL for
Collateral-based capital for the moments that matter.
Acquisition Financing
Buy a competitor, supplier or customer
Explore →Use caseTurnaround Financing
Capital when the bank says no
Explore →Use caseGrowth Capital
A line that grows with your sales
Explore →Use caseRestructuring
Reset the capital structure
Explore →Use caseRefinancing
Refinance banks, MCAs and expensive debt
Explore →How availability is calculated
Each asset class gets its own advance rate. Add them up, subtract reserves, and that's your availability, re-measured as the assets move.
| Collateral | Typical advance | Valued at | Structure |
|---|---|---|---|
| Accounts receivable | Up to 80–90% of eligible | Invoices under 90 days | Revolver |
| Chattel paper | Set by portfolio performance | Contract balances | Revolver |
| Inventory | Up to 50–65% | Net orderly liquidation value | Revolver |
| Machinery & equipment | Up to 75–85% | Orderly liquidation value | Term loan |
| Real estate | Up to 50–75% | Appraised value | Term loan |
Typical ranges; every facility is set by the lender after a field exam and appraisals.
From application to availability
Most asset-based facilities close in three to six weeks.
Apply
The online application plus A/R and A/P agings and recent financials.
Term sheet
Lenders size the facility from your collateral and send terms.
Field exam & appraisals
A field exam of receivables and inventory and appraisals of equipment and real estate.
Close & fund
Payoff of existing lenders and availability on day one.
Asset-based lending FAQ
Answers to the questions CFOs and owners ask most.
What is asset-based lending?
A revolving line of credit, often paired with term loans, secured by your business assets: accounts receivable, chattel paper, inventory, machinery and equipment, and real estate. Availability is set by a borrowing base that moves with those assets.
How is ABL different from a bank line?
Banks lend mainly on cash flow and covenants. Asset-based lenders lend on collateral, so they can fund companies with losses, uneven earnings, fast growth or a leveraged balance sheet.
What advance rates are typical?
Commonly up to 80–90% of eligible receivables, up to 50–65% of inventory at net orderly liquidation value, and up to 75–85% of equipment at orderly liquidation value, set facility by facility.
How fast can an ABL close?
Typically 3–6 weeks from term sheet, including field exam and appraisals; non-bank lenders often move faster than banks.
What reporting is required?
Usually a monthly or weekly borrowing base certificate with A/R and A/P agings and inventory reports, plus periodic field exams.
Can a company with losses qualify?
Yes. Asset-based lenders focus on collateral quality and a credible plan, which is why ABL is common in turnarounds.
Asset-based lending in your state
State-by-state guides.
Rather talk it through first?
Skip the full application. Tell us what you need in a few words and an account executive will call you back with options.
- No application, no credit pull
- A real account executive, not a call center
- Usually a call back within one business day
Put your balance sheet to work.
Tell us about your receivables, inventory and equipment, and we'll size the facility.
Commercial financing is arranged through Win-Win Capital Funding's network of banks, equipment lessors and asset-based lenders. Rates, terms, advance rates and amounts depend on credit, time in business, revenue, collateral and the equipment, and all financing is subject to credit approval and documentation. Tax treatment varies; consult your tax advisor. This is not a commitment to lend.